Tokyo Core Inflation Tops Expectations in October

2025-10-30 23:37 By Jam Kaimo Samonte 1 min. read

Core consumer prices in Tokyo’s Ku-area rose 2.8% year-on-year in October 2025, picking up from a 2.5% gain in the previous two months and surpassing market forecasts of 2.6%.

The reading remained well above the Bank of Japan’s 2% target, reinforcing expectations of a gradual shift toward tighter policy.

At its October meeting, the BOJ left interest rates unchanged at 0.5% as expected, with the decision passing by a 7–2 vote as board members Naoki Tamura and Hajime Takata again pushed for a hike to 0.75%.

The central bank reiterated that it would proceed with policy normalization once its economic and price targets are achieved.

Governor Kazuo Ueda noted that the economy continues to recover moderately but warned that uncertainties in global trade policy could dampen growth and corporate earnings.

Tokyo’s inflation data are closely watched as a leading indicator of nationwide price trends.



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